Funding arb · Price arb /

GRT

all GRT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0013%/8h= −1.4% APRpaid last 24h −0.692%

Price spread now: Gate against Kraken Futures+0.045%7-day average −0.174% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,941as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,883as in the Price arb table

costs, in and out, $10k−$1,90519.049% of the position

Long on Kraken Futures Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.359%−$36 on $10k

Price spread, last 4 days (all we have)−0.290%−$29 · spread now +0.045%, 7d avg −0.174%

Together, before fees−0.649%−$65 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.219% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.045% now, against its 7-day average of −0.174%): +$22 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 58 days. At the pace of the last 7 days (−0.359% in total) that is about 4.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_GRTUSD	0.02370	0.0113	pay 0.0014% / 1h	2m 01s	$286K	$65K	20x
Short	Gate GRT_USDT	0.02371	0.0100	get 0.0100% / 8h	4h 02m	$460K	$423K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee GatebpOrdersPrice spread, now +0.045%Rate

Funding earned: −$2.64
Price spread: +0.045% → −0.174%: $21.91
Slippage, 4 orders: −$1,879.89
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$1,885.62
Costs to cover: 19.049%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 56 min ago; Gate: live order book, 54 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Kraken Futures live order book, 56 min ago	33.68 bp	1669.2 bp −$1,669	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 54 min ago	8.41 bp	84.7 bp −$85	doesn't fit	doesn't fit	doesn't fit

GRT on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni GRT	−0.0144%	8h	0.02363	−0.289%	$115K	$100K	—	as long as short
gTrade (Gains Network) GRT/USD	L +0.0024% / S +0.0001%	1h	0.02371	+0.040%	$648	—	150x	as long as short
Injective GRT/USDC PERP	+0.0033%	1h	0.02217	−6.453%	—	$8K	5.5x	as long as short
Binance GRTUSDT	+0.0100%	8h	0.02371	+0.045%	$3.6M	$8.4M	75x	as long as short
Bybit GRTUSDT	+0.0100%	8h	0.02368	−0.082%	$2.9M	$2.2M	75x	as long as short
OKX GRT-USDT-SWAP	+0.0100%	8h	0.02371	+0.045%	$644K	$765K	20x	as long as short
Gate GRT_USDTshort	+0.0100%	8h	0.02371	+0.045%	$460K	$423K	50x
MEXC GRT_USDT	+0.0100%	8h	0.02372	+0.087%	$1.9M	$1.1M	200x	as long as short
KuCoin GRTUSDTM	+0.0100%	8h	0.02369	−0.039%	$1.1M	$666K	50x	as long as short
Bitget GRTUSDT	+0.0100%	8h	0.02369	−0.039%	$2.4M	$685K	75x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX GRT-USDT	+0.0100%	8h	0.02369	−0.039%	—	$2.4M	—	as long as short
Kraken Futures PF_GRTUSDlong	+0.0113%	1h	0.02370	long leg	$286K	$65K	20x
BloFin GRT-USDT	+0.0114%	8h	0.02368	−0.082%	$180K	$224K	75x	as long as short